What Turkey case teaches USA and Europe about currency crises
13:22
MSNMoney & Macro
What Turkey case teaches USA and Europe about currency crises
We look at how Turkey economy avoided total collapse during a severe inflation crisis. While economists in the Usa and Europe expected interest rate hikes, Erdogan chose a different approach. Turkey relied on currency protection programs and foreign capital from Russia and Gulf states. Energy prices and trade deficits played a major role in the ...
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